Crypto trading awaiting Bitcoin correction

in #crypto7 years ago

SegWit is coming!
The markets become more and more unpredictable. What we should expect in the beginning of August? Nobody knows. We don't know the future and if someone tells you what will be - it's useless information. We just try to guess and spot possible price movements. We try to predict the markets in order to make some profit. We want to ride big waves. But it can be a trap for everyone who thinks in such way only. Before release of any important news the behaviour of traders in different markets like Forex, Commodities , Stocks, Crypto is the same. They all try to catch the great trading opportunities and think only about possible profit. But does it proper way? I don't think so. Because the great trading opportunities also give you the great probability to get problems. Buying or selling before the news you hope that the markets will move in your direction and make huge profit for you. But what will you do if the markets move against your trades? Will you be ready for this? It's a very important part of trading. You must be ready to any variant of price movements. If you are not sure that it's good time for trading, stay away from the markets. If you want to catch the possible upward movement after SegWit, just invest a part of money which you are ready to risk. If the markets move against your positions, you won't be so upset as if you invested all your capital. You must understand that unpredictable time it is not the best time for making money. It's better to focus on protection of your deposit. The markets will give you new trading opportunities in future and they will be much better than now. And you will need deposit for making money. Don't forget about it. But if in spite of this difficult trading conditions you decide to buy some coins or hold your opened trades, just be careful...
and good luck!

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